The Reserve Bank says it's ready and willing to work with the government on ways to cool the housing market.
Reserve Bank governor Adrian Orr. Photo: RNZ / Dom Thomas
The central bank's Governor, Adrian Orr, admitted during a briefing on its financial stability report this morning that the measures its taken to support the economy through the pandemic has been a factor in the sharp rise in prices.
The Finance Minister, Grant Robertson, yesterday wrote to the Bank asking it to consider whether it can do more to keep house prices in check, when it considers monetary policy.
RNZ's business reporter, Emma Hatton, was at the briefing and spoke with Māni Dunlop.
